MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
Capella University MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard –Step-By-Step Guide
This guide will demonstrate how to complete the Capella University MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard assignment based on general principles of academic writing. Here, we will show you the A, B, Cs of completing an academic paper, irrespective of the instructions. After guiding you through what to do, the guide will leave one or two sample essays at the end to highlight the various sections discussed below.
How to Research and Prepare for MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
Whether one passes or fails an academic assignment such as the Capella University MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard depends on the preparation done beforehand. The first thing to do once you receive an assignment is to quickly skim through the requirements. Once that is done, start going through the instructions one by one to clearly understand what the instructor wants. The most important thing here is to understand the required format—whether it is APA, MLA, Chicago, etc.
After understanding the requirements of the paper, the next phase is to gather relevant materials. The first place to start the research process is the weekly resources. Go through the resources provided in the instructions to determine which ones fit the assignment. After reviewing the provided resources, use the university library to search for additional resources. After gathering sufficient and necessary resources, you are now ready to start drafting your paper.
How to Write the Introduction for MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
The introduction for the Capella University MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard is where you tell the instructor what your paper will encompass. In three to four statements, highlight the important points that will form the basis of your paper. Here, you can include statistics to show the importance of the topic you will be discussing. At the end of the introduction, write a clear purpose statement outlining what exactly will be contained in the paper. This statement will start with “The purpose of this paper…” and then proceed to outline the various sections of the instructions.
How to Write the Body for MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
After the introduction, move into the main part of the MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard assignment, which is the body. Given that the paper you will be writing is not experimental, the way you organize the headings and subheadings of your paper is critically important. In some cases, you might have to use more subheadings to properly organize the assignment. The organization will depend on the rubric provided. Carefully examine the rubric, as it will contain all the detailed requirements of the assignment. Sometimes, the rubric will have information that the normal instructions lack.
Another important factor to consider at this point is how to do citations. In-text citations are fundamental as they support the arguments and points you make in the paper. At this point, the resources gathered at the beginning will come in handy. Integrating the ideas of the authors with your own will ensure that you produce a comprehensive paper. Also, follow the given citation format. In most cases, APA 7 is the preferred format for nursing assignments.
How to Write the Conclusion for MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
After completing the main sections, write the conclusion of your paper. The conclusion is a summary of the main points you made in your paper. However, you need to rewrite the points and not simply copy and paste them. By restating the points from each subheading, you will provide a nuanced overview of the assignment to the reader.
How to Format the References List for MHA-FPX 5010 Strategic Plan Objectives and Balanced Scorecard
The very last part of your paper involves listing the sources used in your paper. These sources should be listed in alphabetical order and double-spaced. Additionally, use a hanging indent for each source that appears in this list. Lastly, only the sources cited within the body of the paper should appear here.
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Create and record a 10-12-slide, executive-level presentation with notes of the SMART objectives corresponding to these elements of an organization:
Main strategies.
Associated performance indicators and metrics.
Strategic plan recommendations.
Note: Each assessment in this course builds upon the work you have completed in previous assessments. Therefore, you must complete the assessments in the order in which they are presented.
Sample Answer for MHA FPX 5010 Strategic Plan Objectives and Balanced Scorecard
A set of beliefs, culture and behaviors demonstrated by a group of individuals working toward a common purpose is referred to as organizational culture (Thomas, 2018). This can refer to healthcare personnel who are seeking to deliver the highest quality treatment for patients based on evidence-based practice and promoting positive, innovative changes that help improve workplace ethics and clinical abilities. Nurses, as well as opinion leaders in healthcare, academia, and government, agree that nurses are not seen as key decision-makers or income generators. This notion makes it difficult for nurses to advance to positions of leadership and influence health policy and reform. The first line of defense is to become aware of and understand this barrier. On this issue, nursing needs to educate, foster discourse, and address problems. The fact that nurses aren’t considered as income creators originates partly from the techniques used in acute care. Because there is no billing provision for nursing services, they are grouped together as one huge cost category. The emphasis is on cost rather than productivity. Changes will necessitate policy changes. Furthermore, the healthcare industry must pay more attention to nursing indicators, outcomes, and the impact of nursing on overall healthcare expenses
The successful implementation of a strategic plan requires effective communication and a thorough understanding of not only the role of the organization within the greater community, but also the role of leadership within the organization. By effectively engaging stakeholders and understanding the philosophy of strategic management, leaders can mitigate challenges and hurdles that face those directing change.
This assessment provides an opportunity for you to create an executive-level presentation explaining how SMART objectives underlying each organizational strategy can help the organization successfully implement its strategic plan. Then, after sharing the key performance indicators you developed from the strategic plan, you will use this balanced scorecard to make recommendations to revise the strategies you developed in Assessment 3.
By successfully completing this assessment, you will demonstrate your proficiency in the following course competencies and assessment criteria:
Competency 1: Analyze organizational structure, design, culture, and climate in relation to environmental forces.
Analyze potential long-term opportunities and operational components in the strategic planning process.
Competency 2: Develop a strategic organizational plan that provides human and financial resources to support targeted organizational outcomes.
Present operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps.
Define critical success indicators that allow an organization to measure success in implementing a strategy.
Analyze the effect of strategy formulation on human, financial, and technical resources.
Competency 3: Recommend an organizational structure and design to optimize a strategic plan.
Propose a strategic plan to optimize outcomes and mitigate risks in an organization.
Competency 4: Communicate in a manner that is scholarly, professional, and consistent with expectations for professionals in health care administration.
Create a visually pleasing, professional presentation tailored to a specific audience that uses charts and/or images that support the content.
Communicate critical content clearly and persuasively in a limited time.
Note: Complete the assessments in this course in the order in which they are presented.
Preparation
Use SMART Objective Setting Guide [DOCX] to complete the assessment.
To prepare for the assessment, begin by reviewing your four recommended strategies. Then, using the SMART Objective Setting Guide, create a minimum of three SMART objectives for each strategy. These objectives will become the basis of your presentation and will ultimately help the organization achieve the strategic direction you have recommended.
In addition, you may wish to review the assessment instructions and scoring guide to ensure that you understand the work you will be asked to complete.
Note: Remember that you can submit all, or a portion, of your draft presentation to Smarthinking Tutoring for feedback before you submit the final version for this assessment. If you plan to use this free service, be mindful that the turnaround time to receive feedback is 24–48 hours.
Recording Equipment Setup and Testing
Check that your recording equipment and software is working properly, that your audio recording quality is sufficient, and that you know how to record and upload your presentation. You may use Kaltura or other technology of your choice for your audio recording. You may also add audio directly to your slides, using PowerPoint or other presentation software.
If using Kaltura, refer to the Using Kaltura for directions on recording and uploading your video in the courseroom.
Note: If you require the use of assistive technology or alternative communication methods to participate in this activity, please contact DisabilityServices@Capella.edu to request accommodations.
Scenario
In your weekly one-on-one meeting, your manager congratulates you on the comprehensive and well-researched work you have done to date. The CEO has been working with the rest of the organization’s leadership team to adopt the overarching strategies for the organization that your manager recommended. However, your manager and CEO are seeking clarification on how to translate these strategies into meaningful benchmarks, or performance measures. They want to know how the organization will measure progress in following these strategies. In previous discussions with your manager, you have been describing the SMART methodology for writing objectives that support the overarching strategies. She has asked you to share the SMART objectives you have written for each strategy with the CEO in a brief presentation.
You are ready to begin creating your presentation and the slides that you will use to support your key points and conclusions. Your manager reminds you that the CEO expects a brief, substantive, and concise presentation. You will be lucky to get 15 minutes of the CEO’s time. Consequently, she suggests that you include no more than 10–12 slides, or you will run out of time and cautions you about not creating a “death by PowerPoint” experience for the CEO. You already know from experience that your organization expects professional presentations that adhere to the organization’s branding standards.
Requirements
Create an executive-level presentation with voice-over of the SMART objectives that correspond to the organization’s main strategies, associated performance indicators and metrics, and strategic plan recommendations.
Practice your presentation until you are satisfied with it, staying as close as possible to the limited time allotted. Remember that the audience is your organization’s CEO. All the work you have done so far in this course has prepared you for this briefing, but you are ready.
Presentation Requirements
The requirements, outlined below, correspond to the grading criteria in the Strategic Plan Objectives and Balanced Scorecard Scoring Guide, so be sure to address each point. Read the performance-level descriptions for each criterion to see how your work will be assessed.
Present your operational recommendations and strategic control mechanisms.
Include goals, objectives, resources, and action steps for reconfiguring and aligning the organization’s structure, systems, shared values, management style, staff, and skills.
Define critical success indicators that enable an organization to measure success in implementing the strategy.
Propose a strategic plan to optimize outcomes and mitigate risks in the organization.
Analyze potential long-term opportunities and operational components in the strategic planning process.
Analyze the effect of strategy formulation on human, financial, and technical resources.
Weigh factors of measurement against current organizational benchmarks.
Create a visually pleasing, professional presentation tailored to a specific audience.
Use charts and images that support the content.
Communicate critical content clearly and persuasively in a limited time.
Presentation Format and Length
Your presentation should consist of 10–12 slides and be 10–15 minutes in length. Use the notes portion of each slide to write your script. (The notes section is required).
You may use the structure below as a guide for organizing and timing your presentation. You do not need to place your slides in this specific order.
Slide 1: Title slide (15 seconds).
Slide 2: Revised/updated vision, mission, and values from Assessment 3. (30 seconds).
Slide 3: Gap analysis: desired versus actual position (1 minute).
Slide 4: Recommend Overarching Strategy One with three objectives (2 minutes).
Slide 5: Recommend Overarching Strategy Two with three objectives (2 minutes).
Slide 6: Recommend Overarching Strategy Three with three objectives (2 minutes).
Slide 7: Recommend Overarching Strategy Four with three objectives (2 minutes).
Slide 8: Visual: Balanced scorecard table with 1–3 performance indicators and associated metrics (1 minute).
Slide 9: Analysis (1 minute).
Slide 10: Recommendation of new strategic plan strategies based on the balanced scorecard (1 minute).
Slide 11: Overall recommendations/conclusions (1 minute).
Slide 12: References.
Include all relevant supporting details, such as data, charts, and graphs, as an addendum to the presentation. Indicate the slide associated with the relevant data set. In addition, include all relevant data and narrative in the notes section of each slide.
Supporting Evidence
Cite a minimum of six current scholarly and authoritative sources to support your presentation. Format your citations and references according to APA style and formatting guidelines.
Additional Requirements
Proofread your slides and addendum before you submit them to minimize errors that could distract readers and make it more difficult for them to focus on the substance of your presentation.
Portfolio Prompt: You may choose to save your presentation to your ePortfolio.
Strategic Plan Objectives and Balanced Scorecard Scoring Guide
CRITERIA NON-PERFORMANCE BASIC PROFICIENT DISTINGUISHED
Present operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps. Does not present operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps. Attempts to present operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps. However, omissions and/or errors exist. Presents operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps. Presents operational recommendations and strategic control mechanisms, including goals, objectives, resources, and action steps, that address the organization’s structure, system, staff, and culture.
Define critical success indicators that allow an organization to measure success in implementing the strategy. Does not define critical success indicators that allow an organization to measure success in implementing the strategy. Attempts to define critical success indicators that allow an organization to measure success in implementing the strategy; however, omissions and/or errors exist. Defines critical success indicators that allow an organization to measure success in implementing the strategy. Defines critical key performance indicators (KPIs) with associated metrics across the four perspectives on the balanced scorecard that promote the assessment of strategic organizational targets.
Propose a strategic plan to optimize outcomes and mitigate risks in an organization. Does not propose a strategic plan to optimize outcomes and mitigate risks in an organization. Attempts to propose a strategic plan to optimize outcomes and mitigate risks in an organization; however, omissions and/or errors exist. Proposes a strategic plan to optimize outcomes and mitigate risks in an organization. Proposes a strategic plan to optimize outcomes and mitigate risks in an organization. Proposal incorporates all relevant metrics, targets, and initiatives.
Create a visually pleasing, professional presentation tailored to a specific audience that uses charts and/or images that support the content. Does not create a visually pleasing, professional presentation tailored to a specific audience that uses charts and/or images that support the content. Attempts to create a visually pleasing, professional presentation tailored to a specific audience that uses charts and/or images that support the content. However, lapses, omissions, and/or errors exist. Creates a visually pleasing, professional presentation tailored to a specific audience that uses charts and/or images that support the content. Integrates textual and visual elements to create an integrated, cohesive presentation tailored to a specific audience. Presentation demonstrates superior understanding of how to engage and persuade a targeted audience.
Communicate critical content clearly and persuasively in a limited time. Does not communicate critical content clearly and persuasively in a limited time. Attempts to communicate critical content clearly and persuasively in a limited time; however, lapses, omissions, and/or errors exist. Communicates critical content clearly and persuasively in a limited time. Communicates critical content clearly, professionally, and persuasively. Presentation appears practiced and pacing is appropriate.